Pivot point: 47000
The expected scenario: entering short deals below the $47,000 levels, targeting the 40,000 and then $36,000 levels.
Alternative scenario: entering long positions at the highest levels of $47,000, targeting the $53,000 levels.
Commentary: Bitcoin is still in a semi-continuous trend in the short term, between the 43,000 to 48000 levels, after breaking the bullish price channel, and turning into a general bearish trend. And after the price broke the moving averages (50 - 100), with a negative crossover in the averages, in a confirmatory sign of more short-term declines.
